Us ORC Industrial Waste Heat to Power Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
ORC Industrial Waste Heat to Power Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.1 Billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030.
The US ORC Industrial Waste Heat to Power Market is rapidly gaining attention as industries seek sustainable ways to harness waste heat and turn it into usable energy. With the increasing push for green energy solutions, the market is growing as businesses look for efficient methods to reduce their carbon footprint and cut energy costs. By adopting Organic Rankine Cycle (ORC) technology, companies can capture excess heat from industrial processes that would otherwise go to waste and convert it into electricity.
The process involves a working fluid that evaporates under heat, driving a turbine that generates power. This method is particularly useful in industries such as manufacturing, chemicals, and oil and gas, where waste heat is abundant. In fact, the industrial sector in the US generates an enormous amount of waste heat every year, making ORC systems an ideal solution for boosting energy efficiency and sustainability.
Some key statistics highlighting the potential of this market include the fact that waste heat recovery systems can achieve energy efficiency improvements of up to 20%, depending on the specific application. As energy costs rise and environmental regulations become more stringent, companies are increasingly investing in ORC technology to comply with sustainability standards and reduce operational costs. Moreover, ORC systems offer the added benefit of reducing reliance on external energy sources, enhancing energy security for industries.
While the market is expanding, challenges still exist, such as high initial investment costs and the need for specialized knowledge to implement and maintain ORC systems. However, as the technology matures and more successful case studies emerge, the benefits are becoming clear. Industrial waste heat to power systems have the potential to play a major role in the US energy landscape, complementing other renewable energy technologies like wind and solar.
The US ORC Industrial Waste Heat to Power Market is an exciting space where innovation meets sustainability. With the growing interest in cleaner energy solutions, this market is poised to make a significant impact on both energy consumption and environmental impact in the coming years.
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General Electric
DUR Group
Siemens
IHI Corporation
Mitsubishi Heavy Ilndustries
Ltd
Ormat Technologies
Exergy International Srl
Climeon
AURA
BHL
Kaishan USA
ALFA LAVAL
Turboden S.p.A
TransPacfic Enersy (TPE)
Strebl Energy
Calnetx Technologies
LLC
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global ORC Industrial Waste Heat to Power Market
Organic Rankine Cycle (ORC)
Kalina Cycle
Binary Cycle
Steam Cycle
Power Generation
Industrial Heating
Waste Heat Recovery
Combined Heat and Power (CHP)
Manufacturing
Oil and Gas
Cement
Food and Beverage
Pulp and Paper
Small Scale (< 1 MW)
Medium Scale (1 MW to 5 MW)
Large Scale (> 5 MW)
Turbines
Heat Exchangers
Pumps
Condensers
Control Systems
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global ORC Industrial Waste Heat to Power Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global ORC Industrial Waste Heat to Power Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global ORC Industrial Waste Heat to Power Market, By Type
6. Global ORC Industrial Waste Heat to Power Market, By Application
7. Global ORC Industrial Waste Heat to Power Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global ORC Industrial Waste Heat to Power Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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